Scarborough Advisors LLC Invests $34,000 in Artisan Partners Asset Management Inc. (NYSE:APAM)

Scarborough Advisors LLC acquired a new position in Artisan Partners Asset Management Inc. (NYSE:APAM) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 760 shares of the asset manager’s stock, valued at approximately $34,000.

Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its stake in Artisan Partners Asset Management by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,934,002 shares of the asset manager’s stock valued at $85,444,000 after purchasing an additional 12,977 shares during the period. Wasatch Advisors LP raised its stake in Artisan Partners Asset Management by 25.2% during the 4th quarter. Wasatch Advisors LP now owns 1,581,267 shares of the asset manager’s stock valued at $69,860,000 after purchasing an additional 318,355 shares during the period. Federated Hermes Inc. raised its stake in Artisan Partners Asset Management by 4.8% during the 3rd quarter. Federated Hermes Inc. now owns 1,009,353 shares of the asset manager’s stock valued at $37,770,000 after purchasing an additional 46,179 shares during the period. Vaughan Nelson Investment Management L.P. raised its stake in Artisan Partners Asset Management by 29.3% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 934,546 shares of the asset manager’s stock valued at $41,288,000 after purchasing an additional 211,965 shares during the period. Finally, Heartland Advisors Inc. raised its stake in Artisan Partners Asset Management by 28.1% during the 4th quarter. Heartland Advisors Inc. now owns 367,093 shares of the asset manager’s stock valued at $17,608,000 after purchasing an additional 80,549 shares during the period. Institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Stock Performance

NYSE:APAM opened at $40.57 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.64 and a quick ratio of 0.64. Artisan Partners Asset Management Inc. has a 1 year low of $32.12 and a 1 year high of $46.75. The stock’s 50 day simple moving average is $43.18 and its two-hundred day simple moving average is $43.12. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 12.37 and a beta of 1.84.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings data on Wednesday, April 24th. The asset manager reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.03). Artisan Partners Asset Management had a return on equity of 72.77% and a net margin of 22.99%. The firm had revenue of $264.40 million during the quarter, compared to the consensus estimate of $270.90 million. During the same period in the previous year, the firm earned $0.64 EPS. The business’s revenue was up 12.8% compared to the same quarter last year. As a group, equities analysts anticipate that Artisan Partners Asset Management Inc. will post 3.41 earnings per share for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 6.02%. The ex-dividend date of this dividend was Thursday, May 16th. Artisan Partners Asset Management’s payout ratio is 74.39%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Sunday, March 17th.

About Artisan Partners Asset Management

Artisan Partners Asset Management Inc is publicly owned investment manager. It provides its services to pension and profit sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds and non-U.S. funds, as well as mutual funds, non-U.S. funds and collective trusts.